Data localisation plans are expected to trigger investments in data centers, besides incentives by various states to attract such investments
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At its Sankalp event in Tamil Nadu, the Bhavish Aggarwal-led company introduced three distinct families of chips
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The new plan significantly expands upon their previous commitment of USD 50 million, announced last year
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The new site is located just 300 metres from CtrlS's existing Patna DC1 facility
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The project will be executed in four phases, ultimately offering over 60 MW IT load capacity
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The company has invested USD 289 million in data centres in India since 2021 before expanding into Chennai
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This announcement comes amid a wave of investments by other global tech giants in Southeast Asia, attracted by the region's young, tech-savvy population of 670 million
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A key driver behind this growth is the increasing adoption of Artificial Intelligence (AI), which is expected to boost the demand for data centres in the country
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Key sectors driving the demand for data centre services include banking, financial services, and insurance (BFSI), technology firms and cloud service providers
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CareEdge predicts a substantial financial inflow with likely capital expenditures reaching Rs 50,000 crore over the next three years
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